Yankees Acquire Jeff Francis

1:50pm: The A’s have now released a correction that lines up with the Yankees’ announcement (hat tip: MLB.com’s Jane Lee). Francis and cash considerations are indeed heading to the Yankees for a player to be named later.

1:17pm: The Yankees, however, have announced that they will be receiving Francis and cash considerations in exchange for a player to be named later. The discrepancy is puzzling, but it appears Oakland could be receiving what would likely be a marginal player to be named later in the deal.

1:03pm: The A’s have announced the trade of Francis to the Yankees in exchange for cash considerations.

Francis, 33, has pitched 18 1/3 innings this season for the A’s and Reds, allowing 12 runs (5.89 ERA) with a 14-to-3 K/BB ratio. Formerly the ninth overall pick in the draft (2002), it’s been awhile since Francis enjoyed success as a member of a big league rotation. He posted a 4.19 ERA in 414 1/3 for the 2006-07 Rockies — no small feat in Coors Field, as evidenced by his park-adjusted 116 ERA+ — but it’s been a struggle since that time for the Canadian hurler. Francis owns a 5.22 ERA in 632 2/3 innings since that time.

The Yankees are undoubtedly on the lookout for pitching depth with yesterday’s news that Masahiro Tanaka has a slight tear in his right elbow’s ulnar collateral ligament. Francis has pitched well over the past three seasons in Triple-A, registering a 3.75 ERA with 7.9 K/9 and 2.1 BB/9 in 163 1/3 innings between the Reds and Rockies organizations.